Panellists agreed at the Latin Lawyer Live 6th Annual Regional Project Finance summit in Washington, DC, yesterday that alternative finance and more midstream investment is necessary to diversify their countries' energy sources, but incoming governments in the region’s two largest economies may create two very different futures for the sector.

Renewables projects are on the rise, not least in Brazil, where “diversification” is the buzzword. “Wind and solar projects continue to be important, but there’s a necessity to diversify, especially in thermal plants,” said José Prado, M&A partner at Machado Meyer Advogados. “Our president-elect is also talking about nuclear and hydro power expansion,” he added.

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